Рет қаралды 11,258
Go Mechanic raised $12 million at a $300 million valuation in 2019 and was set to secure more funding from SoftBank at a whooping 4X i.e. $1.2 billion.
But, things took a turn & the deal never went through.
Seriously, they had everything going for them - backed by Sequoia, rapid expansion, and a big brand - UNTIL investors got a hint of the shady picture and they had to lay off 70% of their workforce.
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GoMechanic Crash Explained: History, Massive Growth, Steep Fall